60 Dwyer Avenue Timmins, Ontario P0N 1G0
$515,000
This property presents a remarkable opportunity for investors, featuring a fully leased and well-maintained space occupied by a AAA tenant. With a double net rent of $31,000 per year and a long-term lease that extends until April 30th, 2027, along with options for multiple renewals, it stands as an appealing choice. The property's approx 6% CAP rate promises an excellent return and is strategically situated in a high-density area. Additionally, the lease agreement includes a base rent escalation. The Seller is highly motivated to sell and is excited to showcase this valuable opportunity, so be sure not to miss out! (id:49187)
Property Details
| MLS® Number | T11997375 |
| Property Type | Business |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 6133.5 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 97 Ft |
| Size Frontage | 63 Ft ,2 In |
| Size Irregular | 63.2 X 97.05 Ft |
| Size Total Text | 63.2 X 97.05 Ft |
| Zoning Description | Commercial Na-r3, Na-cn |
https://www.realtor.ca/real-estate/27972886/60-dwyer-avenue-timmins
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 04 2025 02:04:38
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd.